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Duke Royalty Ltd - Guernsey-based provider of royalty finance to companies in UK and Europe - Recurring cash revenue is £6.0 million in the three months to June 30, Duke’s financial first quarter, up 17% from £5.1 million a year before. Expects recurring cash revenue in the second quarter of financial 2024 of £6.2 million. Looking ahead, Duke says it remains confident that the consistent quarterly growth in recurring revenue will continue.
Chief Executive Officer Neil Johnson says: ‘We are pleased to report another quarter marked by record-breaking cash performance, underpinned by solid growth. This underscores the resilience of Duke’s business model, especially in the face of ongoing economic challenges.’
Current stock price: 33.20 pence, up 3.8%
12-month change: down 3.1%
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